Athletics Director Mike Bohn Forced Out At CU

BOULDER, Colo. (CBS4) - A search for a new athletics director is set to begin at the University of Colorado in Boulder after the school accepted the resignation of Mike Bohn on Tuesday.

Bohn, who has three years left on his contract, reacted with the following comment to CBS4's Vic Lombardi: "I'm floored."

"We are seeking a talented leader who can build on Mike's vision and make it a reality," said Chancellor Phil DiStefano in a prepared statement.

Bohn has been AD since 2005. His highlight during his tenure as AD was the transition from the Big 12 to the Pac-12 conference. A lowlight came last November when the school fired head football coach Jon Embree after the team's disastrous 1-11 record in 2012, which included no wins at Folsom Field in Boulder.

DiStefano's comments in the school news release point to funding as a key reason behind the decision. He said they will be looking for a "dynamic leader" who "can focus on our key goals of fundraising, building a dynamic organization, and creating long-term sustainability in the athletics mission."

The resignation will be effective June 3.